We have received a proposal from a third party to acquire their Web3 technologies, Web3 marketing tech, crypto tokens, a merchant crypto ecosystem, a crypto influencer platform, a crypto exchange for luxury goods, and other crypto assets. The seller proposes to run the crypto businesses for us in return for monthly cash payments of $50,000, a $2.5 million convertible note, 23 million restricted common shares with piggyback registration rights, and a royalty on revenues. Further, the third party proposes to formulate, label, and offer a health drink under the “FOMO” trademark which is under notice of allowance with the USPTO and owned by our affiliate FOMO WORLDWIDE, INC. and under negotiation to be acquired by us or assigned to us for a royalty. The proposal is under due diligence and being reviewed by counsel to our CEO Vikram Grover. There are no assurances a transaction will be financed or consummated.
Item 8.01 Other Events.
On December 20, 2023, our CEO Vikram Grover was notified that he won a default judgment of $57,903,750.00 not including sought treble damages and legal fees for Case No.: 1:21-cv-05054 in the United States District Court for the Northern District of Illinois Eastern Division. The initial complaint, filed on or around September 3, 2021, is Vikram Grover v. Net Savings Link, Inc., Wilton Group, Limited, Wilton UK (Group), LTD, Wilton Group, Limited, China Food and Beverage Co., and James Tilton.
Mr. Grover, who is our control shareholder, has agreed to enforce the judgment and seek control of the defendants’ public companies Net Savings Link, Inc. and China Food and Beverage Co. (OTC: NSAV & OTC: CHIF) and obtain their crypto businesses, fintech investments and beverage operations, and combine them with our corporation.
Summary of Investments and Assets of Net Savings Link, Inc. as per OTC Markets:
$HMLA has offered to purchase 19.9% of a smart kiosk/chair telehealth tech company using satellite for connectivity worldwide; goal = IPO spinout 2025-2026 or control M&A into HMLA; lines up synergistically w/early cancer detection target with AI to create a new unicorn.$FOMC
$HMLA has offered to buy 5% stake in leading multi discipline early detection cancer tech co. using AI w/95% accuracy; comps valued in $ billions; HMLA to resell to telekiosks/clinic markets in USA; target to spinout or spinoff IPO in 2025-2026; asked 30 day exclusive.$FOMC
$HMLA about to meet with smart kiosk/chair provider for telehealth and screening for disease using patented platform connected to the cloud by satellite bandwidth worldwide; goal to add AI for early detection of disease including cancer; interest in eventual IPO spinout: pic.twitter.com/LlW3k8wcb7
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